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Independence Pipeline and ANR Pipeline are offering a newnegotiated basis rate option for shippers who sign on for 10 yearsstarting Nov. 1, 2002 for firm transportation from Chicago to theLeidy Hub in Pennsylvania.

Things are looking so good for Mitchell Energy & DevelopmentCorp. the company has stepped down from the auction block where it hasstood since early October (see Daily GPI, Oct. 7).

In what may have been a Pyrrhic victory for bulls, natural gasprices cruised to its seventh straight advance yesterday as tradeand local buyers took the February contract to its highest level inalmost a month.

Florida Gas Transmission Company (FGT) proved last week thatit’s not going to give up its monopoly access to the rapidlygrowing Florida market without a fight. The Citrus Corp. subsidiaryfiled its second pipeline expansion application with FERC in a yearin an attempt to head off competition from several proposedgreenfield pipelines, including Williams Companies’ Buccaneerproject, Coastal’s Gulfstream pipeline and Duke Energy’s Sawgrassproject (see NGI, Oct. 4, and Oct. 19).

Florida Gas Transmission Company (FGT) proved yesterday that it’snot going to give up its monopoly access to the rapidly growingFlorida market without a fight. The Citrus Corp. subsidiary filed itssecond pipeline expansion application with FERC in a year in anattempt to head off competition from several proposed greenfieldpipelines, including Williams Companies’ Buccaneer project, Coastal’sGulfstream pipeline and Duke Energy’s Sawgrass project (see Daily GPI,July 12,Oct. 1 and Oct. 15).

The New Jersey Business & Industry Alliance (NJBIA), thelargest state-level employer association in the nation, isorganizing an energy purchasing pool to join the New Jersey choiceprogram. The group has selected NewEnergy and Power Direct,subsidiaries of independent power producer AES Corp. to create thepool Power New Jersey.

Bath Petroleum Storage, Inc. (BPSI), a company operating in aprime Northeast salt cavern storage location, is up for sale.

Bath Petroleum Storage, Inc. (BPSI), a company operating in aprime Northeast salt cavern storage location, is up for sale.

Record low rig counts are a sure sign of an energy industry incrisis, according to the Independent Petroleum Association ofAmerica (IPAA). The Baker Hughes rotary rig count dated Jan. 22 forNorth America was at 942, a steep drop from the count one year agoof 1,508.